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Bitcoin holds steady near $78,000 as global bond yields surge
Japan’s 10-year JGB yield rose to 3.0% for the first time since 1996, with the 30-year yield topping 4.18%.
Global bond yields hit multi-decade highs, with Japan’s 10-year government bond yield reaching 3.0% for the first time since 1996, and the 30-year JGB yield rising above a record 4.18%, Cointelegraph reported.
Despite the bond selloff, Bitcoin was described as staying flat around the $78,000 area, as other major long-dated sovereign bonds continued to trade lower.
Cointelegraph also pointed to a separate US policy backdrop, noting that days after US Treasury Secretary Scott Bessent announced an increase in the maximum size of debt buyback transactions to $4 billion from September, long-term yields elsewhere remained under pressure.
The outlet said that commentary around potential yield and liquidity mechanisms, including possible use of Japan’s dollar borrowing framework against Treasury holdings, has kept positioning narratives involving Bitcoin, gold, and other crypto in focus.
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